Vestas Wind Systems AS (OTCMKTS:VWDRY) Posts Earnings Results, Beats Estimates By $0.05 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) posted its quarterly earnings data on Wednesday. The energy company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05, Zacks reports. The firm had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.25%.

Vestas Wind Systems AS Stock Down 0.5%

Shares of OTCMKTS:VWDRY traded down $0.04 during trading on Thursday, hitting $7.66. The company’s stock had a trading volume of 228,905 shares, compared to its average volume of 329,955. The business has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $5.87. The company has a market capitalization of $23.21 billion, a PE ratio of 28.37, a P/E/G ratio of 0.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.56 and a current ratio of 0.96. Vestas Wind Systems AS has a fifty-two week low of $3.96 and a fifty-two week high of $7.73.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. Fearnley Fonds cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.